Kathmandu, February 2
The stock market saw a significant surge on Sunday, the first trading day of the week, with the NEPSE index rising by 69.80 points (2.62 per cent). Following this increase, the NEPSE index closed at 2,727 points, marking the highest level in the past two months since December 6, 2024.
Trading volume also reached a high level. While the market recorded a turnover of Rs 9.40 billion on the last trading day of the previous week, today’s transactions soared to Rs 12.95 billion. The market remained in an upward trend from the opening bell, with 202 companies experiencing price gains, 37 seeing declines, and three remaining unchanged.
All market sectors saw an upward movement, with the microfinance sector leading at a 4.92 per cent increase. Other sectoral gains included banking at 2.52 per cent, development banks at 3.15 per cent, finance at 1.29 per cent, hotels and tourism at 1.82 per cent, hydropower at 1.41 per cent, investment at 3.38 per cent, life insurance at 2.43 per cent, manufacturing and processing at 3.07 per cent, non-life insurance at 3.71 per cent, others at 2.63 per cent, and the trading group at 1.31 per cent.
Nine companies saw a 10 per cent price increase, with most being microfinance institutions. These included Unnati Sahakarya, Global IME Laghubitta, Abhiyan Laghubitta, Vijay Laghubitta, Bhugol Energy Hydropower, Grameen Bikas Laghubitta, NMB Microfinance, Samata Gharelu Laghubitta, and Nyadi Hydropower.
Despite the market’s overall growth, Community Microfinance recorded a 10 per cent decline. Other notable losers included Saptakoshi Development Bank with an 8.20 per cent drop, Upper Mailung Khola Hydropower with a 5.85 per cent decline, and Mandakini Hydropower falling by 4.6 per cent.
Based on transaction volume, the leading companies were NRN Infrastructure, Saptakoshi Development Bank, Sindhu Development Bank, Himalayan Power Partner, and Himalayan Reinsurance.
